# Toyobo and Mitsubishi Corporation form Toyobo MC joint venture

In April 2023, Toyobo and Mitsubishi Corporation formed a joint venture, Toyobo MC, and Toyobo's nonwovens business was transferred to the joint venture.

- Type: Acquisition
- Announced: 2023-04-01
- Where: Japan
- Status: completed
- Products: nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Toyobo](https://endata.com/companies/7774.md)
- [Mitsubishi Corporation](https://endata.com/companies/575.md) (partner)
- [Toyobo](https://endata.com/companies/7774.md) (partner)
- [Toyobo MC](https://endata.com/companies/74650.md) (target)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/reorganization-of-the-nonwovens-industry-in-japan/), 2024-04-04: "In April 2023, Toyobo and Mitsubishi Corporation formed a joint venture, Toyobo MC, and Toyobo’s nonwovens business was transferred to the joint venture."
- [myxili.com](https://www.myxili.com/news/reorganization-of-the-nonwovens-industry-in-japan), 2024-04-07: "In April 2023, Toyobo and Mitsubishi Corporation formed a joint venture, Toyobo MC, and Toyobo’s nonwovens business was transferred to the joint venture."
- [myxili.com](https://www.myxili.com/news/the-nonwovens-industry-in-japan), 2024-05-29: "In April 2023, Toyobo and Mitsubishi Corporation formed a joint venture, Toyobo MC, and Toyobo’s nonwovens business was transferred to the joint venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.